LivePerson, Inc. (NASDAQ:LPSN) Sees Significant Increase in Short Interest

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 6,520,000 shares, a growth of 14.4% from the July 15th total of 5,700,000 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is presently 1.8 days.

LivePerson Stock Down 3.5 %

Shares of NASDAQ:LPSN opened at $1.38 on Friday. The company has a market capitalization of $122.29 million, a price-to-earnings ratio of -0.96 and a beta of 1.73. LivePerson has a 12-month low of $0.45 and a 12-month high of $4.74. The business has a 50-day moving average price of $0.92 and a 200 day moving average price of $1.09. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 7.04.

Insider Buying and Selling at LivePerson

In other news, EVP Alex Kroman sold 120,047 shares of LivePerson stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $0.64, for a total value of $76,830.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Monica L. Greenberg sold 34,441 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the sale, the executive vice president now owns 181,607 shares of the company's stock, valued at approximately $203,399.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alex Kroman sold 120,047 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $0.64, for a total transaction of $76,830.08. The disclosure for this sale can be found here. Insiders sold 246,696 shares of company stock valued at $220,795 over the last quarter. 9.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LPSN. Susquehanna Fundamental Investments LLC acquired a new stake in shares of LivePerson in the first quarter valued at $122,000. BNP Paribas Financial Markets increased its stake in LivePerson by 264.0% during the first quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company's stock worth $225,000 after purchasing an additional 163,978 shares during the period. Virtu Financial LLC purchased a new stake in LivePerson during the first quarter worth about $143,000. Vanguard Group Inc. lifted its position in shares of LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company's stock worth $8,634,000 after purchasing an additional 523,694 shares in the last quarter. Finally, AIGH Capital Management LLC purchased a new position in shares of LivePerson in the fourth quarter valued at approximately $6,102,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LPSN. Barclays increased their price target on LivePerson from $0.75 to $1.00 and gave the company an "underweight" rating in a report on Thursday, August 1st. Craig Hallum lifted their price target on LivePerson from $1.25 to $1.40 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Loop Capital cut their price objective on shares of LivePerson from $3.00 to $1.00 and set a "hold" rating for the company in a research report on Tuesday, April 23rd. Finally, Mizuho decreased their target price on shares of LivePerson from $2.00 to $0.50 and set a "neutral" rating on the stock in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, LivePerson currently has a consensus rating of "Hold" and an average price target of $1.32.

Read Our Latest Research Report on LPSN

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.

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